Debit Credit

Building (stall) ₱ 50,000

Felizardo, Capital ₱ 50,000

Cash on Hand ₱ 200,000

Felizardo, Capital ₱ 40,000
Anonuevo, Capital ₱ 40,000
Guitterez, Capital ₱ 40,000
Reyes, Capital ₱ 40,000
Rico, Capital ₱ 40,000

Equipment ₱ 10,622
Felizardo, Capital ₱ 10,622

Supplies - Packaging ₱ 4,080

Cash on Hand ₱ 4,080

Supplies - Indirect ₱ 4,392

Cash on Hand ₱ 4,392

Supplies Expense - Packaging ₱ 4,080

Supplies - Packaging ₱ 4,080

Supplies Expense - Indirect ₱ 4,392

Supplies - Indirect ₱ 4,392

Raw Materials ₱ 531,317

Cash on Hand ₱ 531,317

Finished Goods ₱ 531,317

Raw Materials ₱ 531,317

Overhead Costs ₱ 48,600

Cash on Hand ₱ 48,600

Salaries Expense ₱ 290,400

Cash on Hand ₱ 290,400

Depreciation Expense-Building ₱ 10,000

Depreciation Expense-Equipment ₱ 2,124
Accumulated Depreciation-Building ₱ 10,000
Accumulated Depreciation-Equipment ₱ 2,124
Cash on Hand ₱ 199,733
Sales ₱ 199,733

SSS Premium Expense ₱ 15,840

Philhealth Premium Expense ₱ 3,696
HDMF Expense ₱ 4,800
Cash on Hand ₱ 24,336

Total ₱ 1,915,392 ₱ 1,915,392

 Cash on Hand
₱ 200,000 ₱ 4,080
₱ 199,733 ₱ 4,392
₱ 531,317
₱ 48,600
₱ 290,400
₱ 24,336
₱ (503,392)

Supplies - Packaging
₱ 4,080 ₱ 4,080
₱ -

Supplies - Indirect
₱ 4,392 ₱ 4,392
₱ -

Equipment
₱ 10,622
₱ 10,622

Building (stall)
₱ 50,000
₱ 50,000

Accumulated Depreciation-Building
₱ 10,000
₱ 10,000

Accumulated Depreciation-Equipment
₱ 2,124
₱ 2,124

5 Years
5 Years
 Loans Payable Finished Goods
₱ - ₱ 531,317
₱ - ₱ 531,317

Felizardo, Capital Sales

₱ 50,000 ₱ 199,733
₱ 40,000 ₱ 199,733
₱ 10,622
₱ 100,622

Anonuevo, Capital Supplies Expense - Packaging

₱ 40,000 ₱ 4,080
₱ 40,000 ₱ 4,080

Guitterez, Capital Supplies Expense - Indirect

₱ 40,000 ₱ 4,392
₱ 40,000 ₱ 4,392

Reyes, Capital Overhead Costs

₱ 40,000 ₱ 48,600
₱ 40,000 ₱ 48,600

Rico, Capital Salaries Expense

₱ 40,000 ₱ 290,400
₱ 40,000 ₱ 290,400

Depreciation Expense-Building
₱ 10,000
₱ 10,000

Depreciation Expense-Equipment
₱ 2,124
₱ 2,124

SSS Premium Expense

₱ 15,840
₱ 15,840

Philhealth Premium Expense

₱ 3,696
₱ 3,696
 HDMF Expense
₱ 4,800
₱ 4,800
eq
Trial Balance Debit

Cash on Hand ₱ (503,391.8)

Supplies - Packaging ₱ -
Supplies - Indirect ₱ -
Equipment ₱ 10,622.0
Building (stall) ₱ 50,000.0
Accumulated Depreciation-Building
Accumulated Depreciation-Equipment
Loans Payable
Felizardo, Capital
Anonuevo, Capital
Guitterez, Capital
Reyes, Capital
Rico, Capital
Supplies Expense - Packaging ₱ 4,080.0
Supplies Expense - Indirect ₱ 4,392.0
Overhead Costs ₱ 48,600.0
Salaries Expense ₱ 290,400.0
Depreciation Expense-Building ₱ 10,000.0
Depreciation Expense-Equipment ₱ 2,124.4
SSS Premium Expense ₱ 15,840.0
Philhealth Premium Expense ₱ 3,696.0
HDMF Expense ₱ 4,800.0
Finished Goods ₱ 531,316.5
Sales
Total ₱ 472,479.1
 Credit

₱ 10,000.0
₱ 2,124.4
₱ -
₱ 100,622.0
₱ 40,000.0
₱ 40,000.0
₱ 40,000.0
₱ 40,000.0

₱ 199,732.7
₱ 472,479.1
Chapter 4

Tools, Machineries, and Equipment

Name Piece/s Price

Rice Cooker n.a. ₱ 709

Microwave n.a. ₱ 2,995
Induction cooker n.a. ₱ 820
Freezer n.a. ₱ 5,000
Utensils n.a. ₱ 618
Chopping Board n.a. ₱ 235
Container n.a. ₱ 70
Onigiri Molder n.a. ₱ 175
Total ₱ 10,622

Raw Materials

Name Unit Price

Japanese Short Grain-Rice 25kg ₱ 1,249

Purified Water 7L ₱ 90
Pork Loin with Fat 2kg ₱ 674
Non-Fatty Pork 2kg ₱ 804
Vegetable Oil 1.5L ₱ 190
Soy Sauce 1L ₱ 211
Vinegar 1Gallon ₱ 140
Garlic 345g ₱ 166
Sprite 1.5L ₱ 68
Calamansi/Lemon Juice 70ml ₱ 119
Brown Sugar 1kg ₱ 45
Salt and Pepper 1kg ₱ 65
Dried Bay Leaves 250g ₱ 70
Peppercorn 100g ₱ 100
Ifuki Yaki Sushi Nori Sheets 1Pack ₱ 580
Pre-Made Tocino 450g ₱ 138
Pre-Made Sizzling Sisig 500g ₱ 270
Pre-Made Pork Barbeque 240g ₱ 175
Cheese 165g ₱ 89
Barbeque Sauce 1.5kg ₱ 180
Tuna Mayo 450g ₱ 280
Citrus (Calamamsi) 500g ₱ 76.5
Garlic Flakes 1kg ₱ 133
Cayenne Pepper 250g ₱ 130
Assorted Veggies 1kg ₱ 180
Bacon 400g ₱ 261
Shrimp 500g ₱ 365
Eggs 15pcs ₱ 125
Cheese Sauce 500g ₱ 155
Butter 200g ₱ 135
Total ₱ 7,264

Supplies

Name Unit Price Cost Per Piece

PP Plastic Onigiri Wrapper 120pcs ₱ 85 ₱ 0.71

Brown Paper Bag 100pcs ₱ 45 ₱ 0.45
Cling Wrap 1Roll ₱ 210 ₱ 2
Total ₱ 340 ₱ 3

Tissue 12pcs ₱ 350 ₱ 1.17

Plastic Gloves 100pcs ₱ 16 ₱ 0.05
Total ₱ 366 ₱ 1
Salaries

Per day Per Month

Owner ₱ 400 ₱ 8,800
Production Worker 1 ₱ 350 ₱ 3,850
Production Worker 2 ₱ 350 ₱ 3,850
Production Worker 3 ₱ 350 ₱ 3,850
Production Worker 4 ₱ 350 ₱ 3,850
Total ₱ 1,800 ₱ 24,200

Overhead Costs
Per Month
Transportation ₱ 1,000
Electricity ₱ 2,000
Water ₱ 250
Gas ₱ 800
Total ₱ 4,050

Production Cost
Total Cost/Unit Units
Assorted Veggies ₱ 1.80 5
Bacon ₱ 3.90 5
Shrimp ₱ 5.84 5
Eggs ₱ 2.04 5
Cheese ₱ 5.40 5
Tuna Mayo ₱ 6.20 5
Cheese Sauce ₱ 3.10 5
Barbeque Sauce ₱ 1.20 5
Toyo't Kalamansi ₱ 1.33 5
Garlic Flakes ₱ 1.56 5
Pork Tapa ₱ 33.64 13
Adobo Flakes ₱ 31.50 13
Tocino ₱ 17.52 13
Sisig ₱ 22.12 13
Pork Barbeque ₱ 19.07 13
₱ 156.22 65

Total of Q1,2,3,&4 ₱ 531,316.50

DO NOT CHANGE VALUES

Rice Fillings 25.00
Dips 25.00
 115.00
7590

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Pieces Pieces Pieces Pieces
4290 4950 5610 6600
₱ 3,038.75 ₱ 3,506.25 ₱ 3,973.75 ₱ 4,675.00
₱ 1,930.50 ₱ 2,227.50 ₱ 2,524.50 ₱ 2,970.00
₱ 9,009.00 ₱ 10,395.00 ₱ 11,781.00 ₱ 13,860.00
₱ 13,978.25 ₱ 16,128.75 ₱ 18,279.25 ₱ 21,505.00

₱ 5,005.00 ₱ 5,775.00 ₱ 6,545.00 ₱ 7,700.00

₱ 228.80 ₱ 264.00 ₱ 299.20 ₱ 352.00
₱ 5,234 ₱ 6,039 ₱ 6,844 ₱ 8,052
 Per Year
₱ 105,600
₱ 46,200 ₱ 16,500
₱ 46,200 ₱ 49,500
₱ 46,200
₱ 46,200
₱ 290,400

Per Year
₱ 12,000
₱ 24,000
₱ 3,000
₱ 9,600 ONLY CHANGE VALUES THAT HAVE YELL
₱ 48,600

Quarter 1 Quarter 2
Total Units Total
₱ 9.00 ₱ 594.00 7 ₱ 12.60 ₱ 831.60
₱ 19.50 ₱ 1,287.00 7 ₱ 27.30 ₱ 1,801.80
₱ 29.20 ₱ 1,927.20 7 ₱ 40.88 ₱ 2,698.08
₱ 10.20 ₱ 673.20 7 ₱ 14.28 ₱ 942.48
₱ 27.00 ₱ 1,782.00 7 ₱ 37.80 ₱ 2,494.80
₱ 31.00 ₱ 2,046.00 7 ₱ 43.40 ₱ 2,864.40
₱ 15.50 ₱ 1,023.00 7 ₱ 21.70 ₱ 1,432.20
₱ 6.00 ₱ 396.00 7 ₱ 8.40 ₱ 554.40
₱ 6.65 ₱ 438.90 7 ₱ 9.31 ₱ 614.46
₱ 7.80 ₱ 514.80 7 ₱ 10.92 ₱ 720.72
₱ 437.32 ₱ 28,863.12 15 ₱ 504.60 ₱ 33,303.60
₱ 409.50 ₱ 27,027.00 15 ₱ 472.50 ₱ 31,185.00
₱ 227.76 ₱ 15,032.16 15 ₱ 262.80 ₱ 17,344.80
₱ 287.56 ₱ 18,978.96 15 ₱ 331.80 ₱ 21,898.80
₱ 247.91 ₱ 16,362.06 15 ₱ 286.05 ₱ 18,879.30
₱ 1,771.90 ₱ 106,263.30 75 ₱ 2,084.34 ₱ 122,611.50

₱ 94.90 35.00 ₱ 132.86

₱ 66.95 35.00 ₱ 93.73
145.00
9570
THAT HAVE YELLOW HIGHLIGHTS

Quarter 3
Units Total Units Total
10 ₱ 18.00 ₱ 1,188.00 12 ₱ 21.60
10 ₱ 39.00 ₱ 2,574.00 12 ₱ 46.80
10 ₱ 58.40 ₱ 3,854.40 12 ₱ 70.08
10 ₱ 20.40 ₱ 1,346.40 12 ₱ 24.48
10 ₱ 54.00 ₱ 3,564.00 12 ₱ 64.80
10 ₱ 62.00 ₱ 4,092.00 12 ₱ 74.40
10 ₱ 31.00 ₱ 2,046.00 12 ₱ 37.20
10 ₱ 12.00 ₱ 792.00 12 ₱ 14.40
10 ₱ 13.30 ₱ 877.80 12 ₱ 15.96
10 ₱ 15.60 ₱ 1,029.60 12 ₱ 18.72
17 ₱ 571.88 ₱ 37,744.08 20 ₱ 672.80
17 ₱ 535.50 ₱ 35,343.00 20 ₱ 630.00
17 ₱ 297.84 ₱ 19,657.44 20 ₱ 350.40
17 ₱ 376.04 ₱ 24,818.64 20 ₱ 442.40
17 ₱ 324.19 ₱ 21,396.54 20 ₱ 381.40
85 ₱ 2,429.15 ₱ 138,959.70 100 ₱ 2,865.44

50.00 ₱ 189.80 60.00 ₱ 227.76

50.00 ₱ 133.90 60.00 ₱ 160.68
185.00 220.00
12210 14520
 Quarter 4

₱ 1,425.60
₱ 3,088.80
₱ 4,625.28
₱ 1,615.68
₱ 4,276.80
₱ 4,910.40
₱ 2,455.20
₱ 950.40
₱ 1,053.36
₱ 1,235.52
₱ 44,404.80
₱ 41,580.00
₱ 23,126.40
₱ 29,198.40
₱ 25,172.40
₱ 163,482.00
 Quarter
1 2 3 4
Sales Noypigiri 4,290 4,950 5,610 6,600
Sales Rice Fillings 1650 2310 3300 3960
Sales Dips 1650 2310 3300 3960
Price Noypigiri ₱ 45.00 ₱ 45.00 ₱ 45.00 ₱ 45.00
Price Rice Fillings ₱ 10.00 ₱ 10.00 ₱ 10.00 ₱ 10.00
Price Dips ₱ 8.00 ₱ 8.00 ₱ 8.00 ₱ 8.00
Net Sales ₱ 222,750.00 ₱ 264,330.00 ₱ 311,850.00 ₱ 368,280.00
Less: COGS ₱ 210,387.20 ₱ 229,755.84 ₱ 249,156.85 ₱ 278,177.44
Gross Profit ₱ 12,362.80 ₱ 34,574.16 ₱ 62,693.15 ₱ 90,102.56

Year 1 Quarter 1
Cost of Product Unit Cost Cost per Unit
Raw Materials
Rice Fillings 1650 ₱ 94.90 ₱ 0.06
Dips 1650 ₱ 66.95 ₱ 0.04
Ingredients 4,290 ₱ 106,263.3 ₱ 24.77
PP Plastic 4,290 ₱ 3,038.8 ₱ 0.71
Paper Bag 4,290 ₱ 1,930.5 ₱ 0.45
Cling Wrap 4,290 ₱ 9,009.0 ₱ 2.10
Labor Cost (4) 4,290 ₱ 72,600.0 ₱ 16.92
Overhead Cost
Freight In 4,290 ₱ 3,000.0 ₱ 0.70
Electricity 4,290 ₱ 6,000.0 ₱ 1.40
Water 4,290 ₱ 750.0 ₱ 0.17
Gas 4,290 ₱ 2,400.0 ₱ 0.56
Indirect Materials Tissue 4,290 ₱ 5,005.0 ₱ 1.17
Plastic Gloves 4,290 ₱ 228.8 ₱ 0.05
Total ₱ 210,387.20 ₱ 49.10

Total Direct Materials 4,290 ₱ 120,662.36 ₱ 28.13

Direct Labor ₱ 72,600.00 ₱ 16.92
Total Overhead Cost ₱ 12,150.00 ₱ 2.83
Indirect Materials ₱ 5,233.80 ₱ 1.22
 Year
1
21450 7,590
11220
11220

₱ 1,167,210.00
₱ 967,477.33
₱ 199,732.67

Quarter 2 Quarter 3
Unit Cost Cost per Unit Unit Cost

2310 ₱ 132.86 ₱ 0.06 3300 ₱ 189.80

2310 ₱ 93.73 ₱ 0.04 3300 ₱ 133.90
4,950 ₱ 122,611.50 ₱ 24.77 5,610 ₱ 138,959.70
4,950 ₱ 3,506.3 ₱ 0.71 5,610 ₱ 3,973.8
4,950 ₱ 2,227.5 ₱ 0.45 5,610 ₱ 2,524.5
4,950 ₱ 10,395.0 ₱ 2.10 5,610 ₱ 11,781.0
4,950 ₱ 72,600.0 ₱ 14.67 5,610 ₱ 72,600.0
4,950
4,950 ₱ 3,000.0 ₱ 0.61 5,610 ₱ 3,000.0
4,950 ₱ 6,000.0 ₱ 1.21 5,610 ₱ 6,000.0
4,950 ₱ 750.0 ₱ 0.15 5,610 ₱ 750.0
4,950 ₱ 2,400.0 ₱ 0.48 5,610 ₱ 2,400.0
4,950 ₱ 5,775.0 ₱ 1.17 5,610 ₱ 6,545.0
4,950 ₱ 264.0 ₱ 0.05 5,610 ₱ 299.2
₱ 229,755.84 ₱ 46.47 ₱ 249,156.85

4,950 ₱ 139,225.80 ₱ 28.13 5,610 ₱ 157,789.24

₱ 72,600.00 ₱ 14.67 ₱ 72,600.00
₱ 12,150.00 ₱ 2.45 ₱ 12,150.00
₱ 6,039.00 ₱ 1.22 ₱ 6,844.20
arter 3 Quarter 4 Year 1
Cost per Unit Unit Cost Cost per Unit Cost Per Year

₱ 0.06 3960 ₱ 227.76 ₱ 0.06 ₱ 645.32

₱ 0.04 3960 ₱ 160.68 ₱ 0.04 ₱ 455.26
₱ 24.77 6,600 ₱ 163,482.00 ₱ 24.77 ₱ 531,316.50
₱ 0.71 6,600 ₱ 4,675.0 ₱ 0.71 ₱ 15,193.75
₱ 0.45 6,600 ₱ 2,970.0 ₱ 0.45 ₱ 9,652.50
₱ 2.10 6,600 ₱ 13,860.0 ₱ 2.10 ₱ 45,045.00
₱ 12.94 6,600 ₱ 72,600.0 ₱ 11.00 ₱ 290,400.00

₱ 0.53 6,600 ₱ 3,000.0 ₱ 0.45 ₱ 12,000.00

₱ 1.07 6,600 ₱ 6,000.0 ₱ 0.91 ₱ 24,000.00
₱ 0.13 6,600 ₱ 750.0 ₱ 0.11 ₱ 3,000.00
₱ 0.43 6,600 ₱ 2,400.0 ₱ 0.36 ₱ 9,600.00
₱ 1.17 6,600 ₱ 7,700.0 ₱ 1.17 ₱ 25,025.00
₱ 0.05 6,600 ₱ 352.0 ₱ 0.05 ₱ 1,144.00
₱ 44.45 ₱ 278,177.44 ₱ 42.19 ₱ 967,477.33

₱ 28.13 6,600 ₱ 185,634.40 ₱ 28.13

₱ 12.94 ₱ 72,600.00 ₱ 11.00
₱ 2.17 ₱ 12,150.00 ₱ 1.84
₱ 1.22 ₱ 8,052.00 ₱ 1.22
 Statement of Cost of Good

Raw Materials, Beginning

Freight In
Total Materials Available for use
Less Raw Materials, Ending
Raw Materials Used
Direct Labor
Manufacturing Expenses:
Overhead Cost
Indirect Materials
Cost of Goods Manufactured

Projected Income S
For the Period Ending Decem

Net Sales
Less: COGS
Gross Profit
Less: Operating Expenses
Depreciation Exp
SSS Premium Expense
Philhealth Premium Expense
HDMF Premium Expense
Percentage Tax
Net Income before Taxes
Net Income after Tax

`
Projected Balance
For the Period Ending Decem

Assets
Current Assets
Cash
Supplies Inventory
Total Current
Building (stall)
Machinery and equipment
Accumulated Depreciation
Property, Plant and Equipment
Total Assets
Liabilities and Capital
Current Liabilities
Felizardo, Capital
Anonuevo, Capital
Guitterez, Capital
Reyes, Capital
Rico, Capital
Total Liabilities & Capital
 Statement of Cost of Good Manufactured

Quarter 1 Quarter 2 Quarter 3 Quarter 4

₱ 106,263.30 ₱ 122,611.50 ₱ 138,959.70 ₱ 163,482.00
₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00 ₱ 3,000.00
₱ 109,263.30 ₱ 125,611.50 ₱ 141,959.70 ₱ 166,482.00
₱ - ₱ - ₱ - ₱ -
₱ 109,263.30 ₱ 125,611.50 ₱ 141,959.70 ₱ 166,482.00
₱ 72,600.00 ₱ 72,600.00 ₱ 72,600.00 ₱ 72,600.00

₱ 9,150.00 ₱ 9,150.00 ₱ 9,150.00 ₱ 9,150.00

₱ 19,212.05 ₱ 22,167.75 ₱ 25,123.45 ₱ 29,557.00
₱ 210,225.35 ₱ 229,529.25 ₱ 248,833.15 ₱ 277,789.00

Projected Income Statement

For the Period Ending December 31, 2021-2025

Quarter 1 Quarter 2 Quarter 3 Quarter 4

₱ 222,750.00 ₱ 264,330.00 ₱ 311,850.00 ₱ 368,280.00
₱ 210,225.35 ₱ 229,529.25 ₱ 248,833.15 ₱ 277,789.00
₱ 12,524.65 ₱ 34,800.75 ₱ 63,016.85 ₱ 90,491.00

₱ 3,031.10 ₱ 3,031.10 ₱ 3,031.10 ₱ 3,031.10

₱ 3,960.00 ₱ 3,960.00 ₱ 3,960.00 ₱ 3,960.00
₱ 924.00 ₱ 924.00 ₱ 924.00 ₱ 924.00
₱ 1,200.00 ₱ 1,200.00 ₱ 1,200.00 ₱ 1,200.00
₱ 2,227.50 ₱ 2,643.30 ₱ 3,118.50 ₱ 3,682.80
₱ 1,182.05 ₱ 23,042.35 ₱ 50,783.25 ₱ 77,693.10
₱ 1,182.05 ₱ 23,042.35 ₱ 50,783.25 ₱ 77,693.10

Projected Balanced Sheet

For the Period Ending December 31,2021-2025

Quarter 1 Quarter 2 Quarter 3 Quarter 4

₱ 54,213.15 ₱ 76,073.45 ₱ 103,814.35 ₱ 130,724.20

₱ -
₱ 54,213.15 ₱ 76,073.45 ₱ 103,814.35 ₱ 130,724.20
₱ 12,500.00 ₱ 12,500.00 ₱ 12,500.00 ₱ 12,500.00
₱ 2,655.50 ₱ 2,655.50 ₱ 2,655.50 ₱ 2,655.50
₱ (3,031.10) ₱ (3,031.10) ₱ (3,031.10) ₱ (3,031.10)
₱ 12,124.40 ₱ 12,124.40 ₱ 12,124.40 ₱ 12,124.40
₱ 66,337.55 ₱ 88,197.85 ₱ 115,938.75 ₱ 142,848.60

₱ - ₱ - ₱ - ₱ -
₱ 25,391.91 ₱ 29,763.97 ₱ 35,312.15 ₱ 40,694.12
₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65 ₱ 25,538.62
₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65 ₱ 25,538.62
₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65 ₱ 25,538.62
₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65 ₱ 25,538.62
₱ 66,337.55 ₱ 88,197.85 ₱ 115,938.75 ₱ 142,848.60
 Year 1
₱ 531,316.50 Cash flows from operating activities:
₱ 12,000.00 Collections from customers
₱ 543,316.50 Payment for utilities
Payment for salaries
₱ 543,316.50 Payment for transportation
₱ 290,400.00 Payment for inventories
Payment for SSS Premium expense
₱ 36,600.00 Payment for Philhealth Premium Expense
₱ 96,060.25 Payment for HDMF Premium Expense
₱ 966,376.75 Payment for Taxes
Net cash inflows from operating activities
Cash flows from investing activites:
Purchase of machinery and equipment
Net cash outflows from investing activities
Cash flows from from financing activites
Year 1 Investment by the owners
₱ 1,167,210.00 Cash withdrawals
₱ 966,376.75 Net cash inflows from financing activities
₱ 200,833.25 Cash, January 1
Cash, December 31
₱ 12,124.40
₱ 15,840.00
₱ 3,696.00 Statem
₱ 4,800.00
₱ 11,672.10
₱ 152,700.75 Felizardo Capital, Beginning
₱ 152,700.75 Add
Net Income
Felizardo Capital, Ending

Anonuevo Capital, Beginning

Add
Net Income
Anonuevo Capital, Ending

Year 1
Guitterez Capital, Beginning
Add
₱ 364,825.15 Net Income
Guitterez Capital, Ending
₱ 364,825.15
₱ 50,000.00
₱ 10,622.00 Reyes Capital, Beginning
₱ (12,124.40) Add
₱ 48,497.60 Net Income
₱ 413,322.75 Reyes Capital, Ending

₱ -
₱ 131,162.15 Rico Capital, Beginning
₱ 70,540.15 Add
₱ 70,540.15 Net Income
₱ 70,540.15 Rico Capital, Ending
₱ 70,540.15
₱ 413,322.75
 Statement of Cash Flows

Quarter 1 Quarter 2

om customers ₱ 222,750.00 ₱ 264,330.00

or utilities ₱ 9,150.00 ₱ 9,150.00
or salaries ₱ 72,600.00 ₱ 72,600.00
or transportation ₱ 3,000.00 ₱ 3,000.00
or inventories ₱ 125,475.35 ₱ 144,779.25
or SSS Premium expense ₱ 3,960.00 ₱ 3,960.00
or Philhealth Premium Expense ₱ 924.00 ₱ 924.00
or HDMF Premium Expense ₱ 1,200.00 ₱ 1,200.00
₱ 2,227.50 ₱ 2,643.30
nflows from operating activities ₱ 4,213.15 ₱ 26,073.45

of machinery and equipment ₱ - ₱ -

outflows from investing activities ₱ - ₱ -

nt by the owners ₱ 50,000.00 ₱ 50,000.00

₱ - ₱ -
nflows from financing activities ₱ 50,000.00 ₱ 50,000.00
₱ -
₱ 54,213.15 ₱ 76,073.45

Statement of Changes in Owner's Equity

Quarter 1 Quarter 2 Quarter 3

₱ 25,155.50 ₱ 25,155.50 ₱ 25,155.50

₱ 236.41 ₱ 4,608.47 ₱ 10,156.65

₱ 25,391.91 ₱ 29,763.97 ₱ 35,312.15

Quarter 1 Quarter 2 Quarter 3

₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00

₱ 236.41 ₱ 4,608.47 ₱ 10,156.65

₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65

Quarter 1 Quarter 2 Quarter 3

₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00

₱ 236.41 ₱ 4,608.47 ₱ 10,156.65

₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65
 Quarter 1 Quarter 2 Quarter 3
₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00

₱ 236.41 ₱ 4,608.47 ₱ 10,156.65

₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65

Quarter 1 Quarter 2 Quarter 3

₱ 10,000.00 ₱ 10,000.00 ₱ 10,000.00

₱ 236.41 ₱ 4,608.47 ₱ 10,156.65

₱ 10,236.41 ₱ 14,608.47 ₱ 20,156.65
 Quarter 3 Quarter 4 Year 1

₱ 311,850.00 ₱ 368,280.00 ₱ 1,167,210.00

₱ 9,150.00 ₱ 9,150.00 ₱ 36,600.00
₱ 72,600.00 ₱ 72,600.00 ₱ 290,400.00
₱ 3,000.00 ₱ 3,000.00 ₱ 12,000.00
₱ 164,083.15 ₱ 193,039.00 ₱ 627,376.75
₱ 3,960.00 ₱ 3,960.00 ₱ 15,840.00
₱ 924.00 ₱ 924.00 ₱ 3,696.00
₱ 1,200.00 ₱ 1,200.00 ₱ 4,800.00
₱ 3,118.50 ₱ 3,682.80 ₱ 11,672.10
₱ 53,814.35 ₱ 80,724.20 ₱ 164,825.15

₱ - ₱ - ₱ -
₱ - ₱ - ₱ -

₱ 50,000.00 ₱ 50,000.00 ₱ 200,000.00

₱ - ₱ -
₱ 50,000.00 ₱ 50,000.00 ₱ 200,000.00

₱ 103,814.35 ₱ 130,724.20 ₱ 364,825.15

Quarter 4 Year 1
₱ 25,155.50 ₱ 100,622.00

₱ 15,538.62 ₱ 30,540.15
₱ 40,694.12 ₱ 131,162.15

Quarter 4 Year 1
₱ 10,000.00 ₱ 40,000.00

₱ 15,538.62 ₱ 30,540.15
₱ 25,538.62 ₱ 70,540.15

Quarter 4 Year 1
₱ 10,000.00 ₱ 40,000.00

₱ 15,538.62 ₱ 30,540.15
₱ 25,538.62 ₱ 70,540.15
 Quarter 4 Year 1
₱ 10,000.00 ₱ 40,000.00

₱ 15,538.62 ₱ 30,540.15
₱ 25,538.62 ₱ 70,540.15

Quarter 4 Year 1
₱ 10,000.00 ₱ 40,000.00

₱ 15,538.62 ₱ 30,540.15
₱ 25,538.62 ₱ 70,540.15
Production Budget
Quarter 1
Expected Unit Sales 7,590
Add: Desired ending Finished Goods 0
Total Units Needed 7,590
Less: Beginning Finished Goods Unit 0
Required Production in Units 7,590

Sales Budget

Direct Labor Budget

Quarter 1
Required Production in Units 7,590
Direct Labor hours per Unit 0.00274
Total Direct Labor hours needed 20.80
Direct Labor cost per hour ₱ 156.25
Total Direct Labor Cost ₱ 3,249.47

Indirect Labor Budget

Quarter 1
Required Production in Units 7,590
Direct Materials ₱ 120,662.36
Direct Labor ₱ 72,600.00
Overhead Cost ₱ 12,150.00
Indirect Materials ₱ 5,233.80
Total Indirect Labor Cost ₱ -
Total Cost ₱ 210,646.16
Cost Per Unit ₱ 27.75

Factory Overhead Budget

Quarter 1
Required Production in Units 7,590
Variable Overhead Costs
Indirect materials ₱ 5,233.80
Direct Materials ₱ 120,662.36
Utilities Overhead ₱ 12,150.00
Total Variable Overhead Costs ₱ 138,046.16
Fixed Overhead Costs
Salaries ₱ 72,600.00
Depreciation ₱ 3,031.10
Total Fixed Overhead Costs ₱ 75,631.10
Total Overhead Cost ₱ 213,677.26
Less Depreciation ₱ (3,031.10)
Total ₱ 210,646.16
Manufacturing Overhead Per Unit ₱ 27.75

Cost of Goods Sold

Year 1 Quarter 1
Cost of Product Unit Cost
Raw Materials
Rice Fillings 1650 ₱ 94.90
Dips 1650 ₱ 66.95
Ingredients 4290 ₱ 106,263.30
PP Plastic 4290 ₱ 3,038.75
Paper Bag 4290 ₱ 1,930.50
Cling Wrap 4290 ₱ 9,009.00
Labor Cost (4) 4290 ₱ 72,600.00
Overhead Cost
Freight In 4290 ₱ 3,000.00
Electricity 4290 ₱ 6,000.00
Water 4290 ₱ 750.00
Gas 4290 ₱ 2,400.00
Indirect MaterialTissue 4290 ₱ 5,005.00
Plastic Gloves 4290 ₱ 228.80
Total ₱ 210,387.20

Operating Expense Budget

Quarter 1
Less: Operating Expenses
Depreciation Exp ₱ 3,031
SSS Premium Expense ₱ 3,960
Philhealth Premium Expense ₱ 924
HDMF Premium Expense ₱ 1,200
Percentage Tax ₱ 2,228
Total OPEX ₱ 11,343
 Quarter 2 Quarter 3 Quarter 4 Year
9,570 12,210 14,520 43,890
0 0 0 0
9,570 12,210 14,520 43,890
0 0 0 0
9,570 12,210 14,520 43,890

Quarter 2 Quarter 3 Quarter 4 Year

9,570 12,210 14,520 43,890
0.00274 0.00274 0.00274 0.00274
26.22 33.46 39.78 120.26
₱ 156.25 ₱ 156.25 ₱ 156.25 ₱ 156.25
₱ 4,097.16 ₱ 5,227.41 ₱ 6,216.38 ₱ 18,790.41

Quarter 2 Quarter 3 Quarter 4 Year

9,570 12,210 14,520 43,890
₱ 139,225.80 ₱ 157,789.24 ₱ 185,634.40 ₱ 603,311.80
₱ 72,600.00 ₱ 72,600.00 ₱ 72,600.00 ₱ 290,400.00
₱ 12,150.00 ₱ 12,150.00 ₱ 12,150.00 ₱ 48,600.00
₱ 6,039.00 ₱ 6,844.20 ₱ 8,052.00 ₱ 26,169.00
₱ - ₱ - ₱ - ₱ -
₱ 230,014.80 ₱ 249,383.44 ₱ 278,436.40 ₱ 968,480.80
₱ 24.03 ₱ 20.42 ₱ 19.18 ₱ 91.39

Quarter 2 Quarter 3 Quarter 4 Year

9,570 12,210 14,520 43,890

₱ 6,039.00 ₱ 6,844.20 ₱ 8,052.00 ₱ 26,169.00

₱ 139,225.80 ₱ 157,789.24 ₱ 185,634.40 ₱ 603,311.80
₱ 12,150.00 ₱ 12,150.00 ₱ 12,150.00 ₱ 48,600.00
₱ 157,414.80 ₱ 176,783.44 ₱ 205,836.40 ₱ 678,080.80
 ₱ 72,600.00 ₱ 72,600.00 ₱ 72,600.00 ₱ 290,400.00
₱ 3,031.10 ₱ 3,031.10 ₱ 3,031.10 ₱ 12,124.40
₱ 75,631.10 ₱ 75,631.10 ₱ 75,631.10 ₱ 302,524.40
₱ 233,045.90 ₱ 252,414.54 ₱ 281,467.50 ₱ 980,605.20
₱ (3,031.10) ₱ (3,031.10) ₱ (3,031.10) ₱ (12,124.40)
₱ 230,014.80 ₱ 249,383.44 ₱ 278,436.40 ₱ 968,480.80
₱ 24.03 ₱ 20.42 ₱ 19.18 ₱ 22.07

uarter 1 Quarter 2 Quarter 3

Cost per Unit Unit Cost Cost per Unit Unit

₱ 0.06 2310 ₱ 132.86 ₱ 0.06 3300

₱ 0.04 2310 ₱ 93.73 ₱ 0.04 3300
₱ 24.77 4950 ₱ 122,611.50 ₱ 24.77 5610
₱ 0.71 4950 ₱ 3,506.25 ₱ 0.71 5610
₱ 0.45 4950 ₱ 2,227.50 ₱ 0.45 5610
₱ 2.10 4950 ₱ 10,395.00 ₱ 2.10 5610
₱ 16.92 4950 ₱ 72,600.00 ₱ 14.67 5610
4950
₱ 0.70 4950 ₱ 3,000.00 ₱ 0.61 5610
₱ 1.40 4950 ₱ 6,000.00 ₱ 1.21 5610
₱ 0.17 4950 ₱ 750.00 ₱ 0.15 5610
₱ 0.56 4950 ₱ 2,400.00 ₱ 0.48 5610
₱ 1.17 4950 ₱ 5,775.00 ₱ 1.17 5610
₱ 0.05 ₱ 4,950.00 ₱ 264.00 ₱ 0.05 ₱ 5,610.00
₱ 49.10 ₱ 229,755.84 ₱ 46.47

Quarter 2 Quarter 3 Quarter 4 Year

₱ 3,031 ₱ 3,031 ₱ 3,031 ₱ 12,124

₱ 3,960 ₱ 3,960 ₱ 3,960 ₱ 15,840
₱ 924 ₱ 924 ₱ 924 ₱ 3,696
₱ 1,200 ₱ 1,200 ₱ 1,200 ₱ 4,800
₱ 2,643 ₱ 3,119 ₱ 3,683 ₱ 11,672
₱ 11,758 ₱ 12,234 ₱ 12,798 ₱ 48,133
https://www.wallstreetmojo.com/indirect-labor/
 Quarter 3 Quarter 4
Cost Cost per Unit Unit Cost Cost per Unit

₱ 189.80 ₱ 0.06 3960 ₱ 227.76 ₱ 0.06

₱ 133.90 ₱ 0.04 3960 ₱ 160.68 ₱ 0.04
₱ 138,959.70 ₱ 24.77 6600 ₱ 163,482.00 ₱ 24.77
₱ 3,973.75 ₱ 0.71 6600 ₱ 4,675.00 ₱ 0.71
₱ 2,524.50 ₱ 0.45 6600 ₱ 2,970.00 ₱ 0.45
₱ 11,781.00 ₱ 2.10 6600 ₱ 13,860.00 ₱ 2.10
₱ 72,600.00 ₱ 12.94 6600 ₱ 72,600.00 ₱ 11.00

₱ 3,000.00 ₱ 0.53 6600 ₱ 3,000.00 ₱ 0.45

₱ 6,000.00 ₱ 1.07 6600 ₱ 6,000.00 ₱ 0.91
₱ 750.00 ₱ 0.13 6600 ₱ 750.00 ₱ 0.11
₱ 2,400.00 ₱ 0.43 6600 ₱ 2,400.00 ₱ 0.36
₱ 6,545.00 ₱ 1.17 6600 ₱ 7,700.00 ₱ 1.17
₱ 299.20 ₱ 0.05 ₱ 6,600.00 ₱ 352.00 ₱ 0.05
₱ 249,156.85 ₱ 44.45 ₱ 278,177.44 ₱ 42.19
 Year 1
Cost Per Year

₱ 645.32
₱ 455.26
₱ 531,316.50
₱ 15,193.75
₱ 9,652.50
₱ 45,045.00
₱ 290,400.00

₱ 12,000.00
₱ 24,000.00
₱ 3,000.00
₱ 9,600.00
₱ 25,025.00
₱ 1,144.00
₱ 967,477.33
Payback Period
Quarter 1
Initial Investment ₱ 65,155.5
Cash Flow per Quarter ₱ 54,213.2
Payback Period

Break Even Value BEP (in units) = Fixed costs / (Sales Price per unit - Vari

Quarter 1
Production (units) 7,590
Fixed Costs
Salaries Expense ₱ 72,600.00
Depreciation Expense ₱ 3,031.10
Total Fixed Costs ₱ 75,631.10
Variable Costs
Indirect materials ₱ 5,233.80
Direct Materials ₱ 120,662.36
Utilities Overhead ₱ 12,150.00
Total Variable Cost ₱ 138,046.16
Variable Cost Per Unit ₱ 18.19
Price ₱ 45.00
Sales Price/Unit - Variable Cost/Unit ₱ 26.81
BEP (in units) 2820.78

Gross Profit Margin Gross Profit Margin = (Sales – Cost of Goods Sold) ÷ Sale

Quarter 1
Gross Profit ₱ 12,524.65
Sales ₱ 222,750.00
Gross Profit Margin 5.62%

Net Profit Margin Net Profit Margin = Earnings available for common stoc

Quarter 1
Net Profit ₱ 1,182.05
Sales ₱ 222,750.00
Net Profit Margin 0.53%

Return on Investment

Quarter 1
Net Profit ₱ 1,182.05
Investment ₱ 65,155.5
 Return on Investment 2%

Current Ratio Current assets ÷ Current liabilities

Quarter 1
Current Assets ₱ 202,789.20
Current Liabilities ₱ -
Current Ratio 0.00

Quick Ratio
Quarter 1
Current Assets ₱ 202,789.20
Inventory ₱ -
Current Liabilities ₱ -
Current Ratio 0.00

Cash Flow Ratio Cash Flows from Operation ÷ Current Liabilities

Quarter 1
Cash Flows ₱ 190,664.80
Current Liabilities ₱ -
Cash Flow Ratio 0.00
 Quarter 2 Quarter 3 Quarter 4 Year
₱ 65,155.5 ₱ 65,155.5 ₱ 65,155.5 ₱ 260,622.0
₱ 76,073.5 ₱ 103,814.4 ₱ 130,724.2 ₱ 364,825.2
0.714

osts / (Sales Price per unit - Variable cost per unit)

Quarter 2 Quarter 3 Quarter 4 Year

9,570 12,210 14,520 43,890

₱ 72,600.00 ₱ 72,600.00 ₱ 72,600.00 ₱ 290,400.00

₱ 3,031.10 ₱ 3,031.10 ₱ 3,031.10 ₱ 12,124.40
₱ 75,631.10 ₱ 75,631.10 ₱ 75,631.10 ₱ 302,524.40

₱ 6,039.00 ₱ 6,844.20 ₱ 8,052.00 ₱ 26,169.00

₱ 139,225.80 ₱ 157,789.24 ₱ 185,634.40 ₱ 603,311.80
₱ 12,150.00 ₱ 12,150.00 ₱ 12,150.00 ₱ 48,600.00
₱ 157,414.80 ₱ 176,783.44 ₱ 205,836.40 ₱ 678,080.80
₱ 16.45 ₱ 14.48 ₱ 14.18 ₱ 15.45
₱ 45.00 ₱ 45.00 ₱ 45.00 ₱ 45.00
₱ 28.55 ₱ 30.52 ₱ 30.82 ₱ 29.55
2648.96 2477.97 2453.65 10237.56

ales – Cost of Goods Sold) ÷ Sales

Quarter 2 Quarter 3 Quarter 4 Year 1

₱ 34,800.75 ₱ 63,016.85 ₱ 90,491.00 ₱ 200,833.25
₱ 264,330.00 ₱ 311,850.00 ₱ 368,280.00 ₱ 1,167,210.00
13.17% 20.21% 24.57% 17.21%

nings available for common stockholders ÷ Sales

Quarter 2 Quarter 3 Quarter 4 Year 1

₱ 23,042.35 ₱ 50,783.25 ₱ 77,693.10 ₱ 152,700.75
₱ 264,330.00 ₱ 311,850.00 ₱ 368,280.00 ₱ 1,167,210.00
8.72% 16.28% 21.10% 13.08%

Quarter 2 Quarter 3 Quarter 4 Year 1

₱ 23,042.35 ₱ 50,783.25 ₱ 77,693.10 ₱ 152,700.75
₱ 65,155.5 ₱ 65,155.5 ₱ 65,155.5 ₱ 260,622.0
 35% 78% 119% 59%

t liabilities

Quarter 2 Quarter 3 Quarter 4 Year 1

₱ 339,879.49 ₱ 565,598.72 ₱ 791,317.95 ₱ 1,899,585.36
₱ - ₱ - ₱ - ₱ -
0.00 0.00 0.00 0.00

Quarter 2 Quarter 3 Quarter 4 Year 1

₱ 339,879.49 ₱ 565,598.72 ₱ 791,317.95 ₱ 1,899,585.36
₱ - ₱ - ₱ - ₱ -
₱ - ₱ - ₱ - ₱ -
0.00 0.00 0.00 0.00

ion ÷ Current Liabilities

Quarter 2 Quarter 3 Quarter 4 Year 1

₱ 327,755.09 ₱ 553,474.32 ₱ 779,193.55 ₱ 1,851,087.76
₱ - ₱ - ₱ - ₱ -
0.00 0.00 0.00 0.00
Pag-Ibig Contribution

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Worker 1 ₱ 300 ₱ 300 ₱ 300 ₱ 300
Worker 2 ₱ 300 ₱ 300 ₱ 300 ₱ 300
Worker 3 ₱ 300 ₱ 300 ₱ 300 ₱ 300
Worker 4 ₱ 300 ₱ 300 ₱ 300 ₱ 300
Total ₱ 1,200 ₱ 1,200 ₱ 1,200 ₱ 1,200

PhilHealth Contribution

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Worker 1 ₱ 231 ₱ 231 ₱ 231 ₱ 231
Worker 2 ₱ 231 ₱ 231 ₱ 231 ₱ 231
Worker 3 ₱ 231 ₱ 231 ₱ 231 ₱ 231
Worker 4 ₱ 231 ₱ 231 ₱ 231 ₱ 231
Total ₱ 924 ₱ 924 ₱ 924 ₱ 924

SSS Contribution

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Worker 1 ₱ 990 ₱ 990 ₱ 990 ₱ 990
Worker 2 ₱ 990 ₱ 990 ₱ 990 ₱ 990
Worker 3 ₱ 990 ₱ 990 ₱ 990 ₱ 990
Worker 4 ₱ 990 ₱ 990 ₱ 990 ₱ 990
Total ₱ 3,960 ₱ 3,960 ₱ 3,960 ₱ 3,960
 Year 1
₱ 1,200
₱ 1,200
₱ 1,200
₱ 1,200
₱ 4,800

Year 1
₱ 924
₱ 924
₱ 924
₱ 924
₱ 3,696

Year 1
₱ 3,960
₱ 3,960
₱ 3,960
₱ 3,960
₱ 15,840